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European stocks seen stabilizing after heavy losses on Monday

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European stocks are set to open tentatively higher on Tuesday as investors monitor developments relating to the Chinese coronavirus, after global markets plummeted on Monday.

yields hit a three-month low as investors flocked to traditional safe-haven assets.

Back in Europe, Brexit is back in focus with the U.K. set to leave the European Union on Friday, beginning a transitional period in which both sides work toward the ambitious target of agreeing a new free trade agreement this year. EU chief negotiator Michel Barnier warned the U.K. on Monday that the bloc will "never, never, never" compromise on the single market, accusing Britain of underestimating the cost of leaving.'s board is set to meet Tuesday to approve the appointment for former Seat boss Luca de Meo as its next CEO, according to Le Figaro newspaper.

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Losses of less than 3% for the day are not 'heavy'.

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